Reduce Your Risk of Being Sued—Tip 10
Tip 10 of 12 Risk Reduction Techniques for your daily real estate practice
Controlling your Errors & Omissions should be the mission of all real estate professionals. That’s why we’ve compiled a list of 12 risk reduction techniques you can use to minimize your legal liability and maximize your earning potential.
Tip 10: Report all claims and incidents to your insurance company promptly.
If you are aware of a potential claim situation or have had a claim reported against you, you must report it to your insurance company immediately. Late reporting may jeopardize your E&O coverage!
Stay tuned for more—we have 2 more risk reduction tips to help you in your daily real estate practice! And check out our other blog posts; we have information on risk management training for your agents, using disclosure forms, what to look for in buying an E&O policy, real estate trends, and more. If you have any comments regarding tricky questions customers sometimes ask, please share them below. We’d love to hear from you!
